Number
080514
Version
SUBSTITUTE 2
Reference
080315
Sponsor
THE CHAIR
Title
Substitute resolution approving components of a 2008 Budget Adjustment Plan.
Analysis
This resolution authorizes several components of a 2008 Budget Adjustment Plan in order to achieve year-end budget balance.
Body
Whereas, Adverse weather conditions including record setting amounts of snow and rainfall, as well as extraordinary increases in the cost of gasoline and diesel fuel, have resulted in city departments providing service levels and making expenditures far above those authorized in the 2008 adopted city budget; and
Whereas, The Budget and Management Division presented a communication to the Common Council in July under File Number 080315 which described a 2008 Budget Adjustment Plan which is intended to avoid contingent borrowing for 2008 operations while enabling continuation of essential city services through the end of 2008; and
Whereas, It is incumbent to take action to authorize the nonexpenditure of 2008 funds assigned to city departments which have not yet been expended; and
Whereas, Other actions are also necessary to deal with the shortfall in various accounts associated with the weather and increases in the cost of gasoline and diesel fuel; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, in order to achieve the goals of a balanced budget and continuation of essential services for 2008, and pursuant to s. 65.05, Wis. Stats., s. 18-06, city charter, and other applicable code provisions, that the appropriate city departments are authorized and directed to take the following actions:
• Maintenance of vacancies and avoidance of operational expenditures, resulting in the nonexpenditure of funds authorized in the 2008 budget, as described in the summary attached to this file.
• Application of approximately $2 million from 2 Federal Emergency Management Administration grants which the city is expected to receive for 2008 in a m...
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